JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Down 52.6% in April

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 198,919 shares, a decline of 52.6% from the April 15th total of 419,766 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 550,152 shares, the days-to-cover ratio is presently 0.4 days.

JPMorgan Active Growth ETF Price Performance

JGRO stock traded down $1.68 during mid-day trading on Friday, reaching $97.14. 1,247,155 shares of the company traded hands, compared to its average volume of 583,104. The company has a market capitalization of $9.74 billion, a P/E ratio of 35.50 and a beta of 1.09. JPMorgan Active Growth ETF has a 52-week low of $78.69 and a 52-week high of $98.94. The company has a fifty day moving average price of $89.74 and a 200-day moving average price of $91.35.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its holdings in shares of JPMorgan Active Growth ETF by 42.4% during the first quarter. Quantinno Capital Management LP now owns 3,307 shares of the company’s stock worth $280,000 after purchasing an additional 984 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of JPMorgan Active Growth ETF by 74.5% during the first quarter. Gateway Wealth Partners LLC now owns 16,514 shares of the company’s stock worth $1,396,000 after purchasing an additional 7,053 shares in the last quarter. Modern Wealth Management LLC grew its holdings in shares of JPMorgan Active Growth ETF by 5.2% during the first quarter. Modern Wealth Management LLC now owns 63,750 shares of the company’s stock worth $5,443,000 after purchasing an additional 3,159 shares in the last quarter. Greenline Wealth Management LLC grew its holdings in shares of JPMorgan Active Growth ETF by 4.4% during the first quarter. Greenline Wealth Management LLC now owns 48,624 shares of the company’s stock worth $4,110,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of JPMorgan Active Growth ETF by 173.9% during the first quarter. Lido Advisors LLC now owns 9,450 shares of the company’s stock worth $799,000 after purchasing an additional 6,000 shares in the last quarter.

About JPMorgan Active Growth ETF

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.